The startup also plans to open a new branch in Taiwan, and grow its workforce in the skilled mechanics and operation functions.
Singapore-headquartered iMotorbike, a platform for the transaction of pre-owned motorcycles, has raised US$10 million ($13.59 million) in its Series A funding round in two tranches, with the latest led by VC Headline.
The funding will help the startup expand its footprint in Malaysia, where the company says that it plans to open new inspection centres and showrooms in “key locations” which it has cited as Penang and Johor.
